Loading Events

« All Events

  • This event has passed.

What Realtors Must Know About FIRPTA / In-Person Class (The Abode Group – Compass)

January 25, 2023 @ 12:30 pm - 1:30 pm

Under FIRPTA, anyone buying or receiving a U.S. property from a foreign national – be it a

foreign individual or a foreign business entity – is required to retain a certain percentage of the

funds from the sale to be collected as a tax withholding. If the Seller is not a “U.S. Person”, then

the Buyer may have to withhold up to 15% of the gross sale price at closing. Although the taxable

gain of a transaction is earned by and thus taxable to the foreign seller, the buyer is held liable for

the tax if it is not paid by the foreign seller.


Topics we will cover include:


✓ FIRPTA Procedures and Terms of Use

✓ Rates of Withholding

✓ The FIRPTA Withholding Certificate

✓ Exceptions to FIRPTA

✓ Who is a Non-U.S. Person Subject to FIRPTA

✓ Buyer’s Duties & Liabilities

✓ Realtor’s Duties & Liabilities

✓ Policy and Political Factors behind FIRPTA


January 25, 2023
12:30 pm - 1:30 pm
Website developed in accordance with Web Content Accessibility Guidelines 2.1.
If you encounter any issues while using this site, please contact us: 305.901.5628